Amea Power secures financing for 120 MW of solar in South Africa

Amea Power says it has obtained financing for a 120 MW solar plant near Klerksdorp, South Africa. The funds include $100 million in debt from Standard Bank South Africa and $8 million in equity from Industrial Development Corp. Dubai-based Amea Power has reached financial close on a 120 MW solar project in South Africa. The Doornhoek PV array - to be built near the town of Klerksdorp, North Western Province - will be the developer's first operational asset in the country. The developer has secured $100 million of debt funding from Standard Bank South Africa. Industrial Development Corp. has also ...

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